Equifax faces maximum GDPR fine over data breach

Equifax Hit With Maximum UK Privacy Fine After Mega-Breach

Equifax Hit With Maximum UK Privacy Fine After Mega-Breach

"The UK arm of the company failed to take appropriate steps to ensure its American parent Equifax, which was processing the data on its behalf, was protecting the information".

Credit bureau Equifax has been hit with the maximum possible fine under United Kingdom law for "multiple failures" that contributed to its massive 2017 data breach, including its failure to act on a critical vulnerability alert issued by the U.S. Department of Homeland Security.

The information exposed due to lax security practices included names, dates of birth, addresses, phone numbers, driver's license details, Social Security numbers, and credit card data.

'The loss of personal information, particularly where there is the potential for financial fraud, is not only upsetting to customers, it undermines consumer trust in digital commerce, ' explains Information Commissioner Elizabeth Denham of the ruling.

The ICO, which teamed up with the Financial Conduct Authority to investigate the cyber attack, said the company did not take the appropriate steps to fix the vulnerability.

The fine was deemed to be "reasonable and proportionate" under the Data Protection Act, according to the circumstances detailed in a 32-page statement accompanying the decision.

UK regulator fines Equifax £500k over data breach

The Information Commissioner's Office (ICO) has issued the maximum fine possible to Equifax in response to failings which led to a major 2017 breach.

The UK's Information Commissioner's Office (ICO) has imposed the fine following an investigation into the breach. The ICO also said there was also a "lack of legal basis for [the] global transfers of United Kingdom citizens' data". Their boards need to ensure that internal controls and systems work effectively to meet legal requirements and customers' expectations.

The Atlanta-based company has been subject to probes around the world since disclosing a year ago that a hack had exposed the data in one of the biggest cyber attacks in history.

So while the attention today will no doubt be on the ICO's fine, which is a significant landmark, the real question for me is around accountability.

The timing of the breach and the ICO investigation, however, have saved the company a significantly larger penalty: The investigation was carried out under the terms of the Data Protection Act 1998, which allows for a maximum £500,000 fine regardless of the size of the company involved; since May this year, the Europe-wide General Data Protection Regulations (GDPR) increase the maximum possible penalty to the greater of £17.8 million or four percent of the company's turnover.

An Equifax spokesperson said: "Equifax has cooperated fully with the ICO throughout its investigation, and we are disappointed in the findings and the penalty". Once it did so, the SSL decryption tool helped flag attackers' data exfiltration, using encrypted data, and led back to the Apache Struts 2 implementation, the GAO's report said. "We apologise again to any consumers who were put at risk". The breach slashed a third off the company's share price in one week after hackers accessed the sensitive personal information by exploiting a previously identified software vulnerability between May and July 2017.

Yankees Set Record For Most Players With 10 HRs
He alerted the conductor but at that point, Vigean had already climbed on top of the train. The train was stopped between Larchmont and Mamoroneck stations due to a power issue.

Recommended News

  • Casualties feared as militants attack Iran army parade

    Casualties feared as militants attack Iran army parade

    Bloodied troops could be seen in combat fatigues, helping each other walk away in images from Iranian news service ISNA. Iran is marking the anniversary of the beginning of the 1980-88 war with Iraq with several parades across the nation.
    Man Booker Prize judges tell authors: stop being so long-winded

    Man Booker Prize judges tell authors: stop being so long-winded

    The judges said the list was dominated by dark themes of anxiety and racism, which each novel exploring the "anatomy of pain". The victor of the Man Booker Prize will be awarded 50,000 pounds (CAD $86,000) on October 16 at a London ceremony.
    SC  orders new evacuations with threat of Florence flooding

    SC orders new evacuations with threat of Florence flooding

    The waters there have now receded, but only after flooding homes like Mary Mosely's. Cooper said at a news conference Friday that the National Guard and the U.S.
  • Kenyan 'Rafiki' film ban lifted for a week

    Kenyan 'Rafiki' film ban lifted for a week

    After the ruling Mr Mutua said that it would be a tragedy and a shame to have homosexual films define the Kenyan culture. In the film, directed, written and co-produced by Ms Kahiu, the girls are separated by their communities.
    Isha Ambani-Anand Parimal to exchange rings tonight: Details here

    Isha Ambani-Anand Parimal to exchange rings tonight: Details here

    The place is also home to many Hollywood A-listers including George Clooney, Julia Roberts and Catherine Zeta Jones. Priyanka and Nick were decked up in Manish Malhotra couture dresses for the celebrations.
    Reinhart signs two-year contract with Sabres

    Reinhart signs two-year contract with Sabres

    He was especially hot in the second half of the season, racking up 37 points on 18 goals and 19 assists over the final 38 games. The Sabres selected Reinhart, son of former NHL defenseman Paul Reinhart, in the first round (No. 2) of the 2014 NHL Draft .
  • FDA Warns Pet Owners About Flea, Tick Meds Linked To Seizures

    FDA Warns Pet Owners About Flea, Tick Meds Linked To Seizures

    While the products already mention the risk of the neurological side-effects the FDA says it will require clearer labels.
    Farmer Says Raising Milk Prices Won't Help Fight The Drought

    Farmer Says Raising Milk Prices Won't Help Fight The Drought

    The milk will be available in Queensland, New South Wales, ACT and Victoria from mid-October "to help provide short-term relief". Woolworths Director of Fresh Food Paul Harker said he's proud to be supporting dairy farmers "through this hard time".
    Donald Trump breaks silence to attack Supreme Court nominee's accuser

    Donald Trump breaks silence to attack Supreme Court nominee's accuser

    Yesterday Ford, through her lawyers, offered to appear next week - after a days-long standoff with committee Chairman Sen. He told evangelical activists at the annual Values Voter conference the Senate will " plow right through ".
  • NAFTA deal not yet in sight, Canada stands firm on auto tariffs

    NAFTA deal not yet in sight, Canada stands firm on auto tariffs

    Not everyone agrees: senior Republicans on Capitol Hill have been agitating, pressing Canada to hurry up and make a deal. Foreign Affairs Minister Chrystia Freeland was expected to leave Washington late on Thursday without an agreement.
    Ecuador tried giving Assange diplomatic post in Russian Federation

    Ecuador tried giving Assange diplomatic post in Russian Federation

    It was not immediately evident if Ecuadorean officials had any contact with Russian Federation as part of the Assange appointment. The letter from Ecuador's foreign ministry was a summary of 28 documents that were sent to Vintimilla in response to her request.
    This Is My Plan For Diogo Dalot - Jose Mourinho

    This Is My Plan For Diogo Dalot - Jose Mourinho

    What we'll see is two good teams of football trying to achieve the best result possible. I don't want to say was [Eric] Bailly or [Phil] Jones and is now Smalling or Lindelöf.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.